SEC Chair Warns of 'Too Good to Be True' Crypto Products — US Treasury Calls for Urgent Regulation
“We’ve seen again that lending platforms are operating a little like banks. They’re saying to investors ‘Give us your crypto. We’ll give you a big return 7% or 4.5% return,'” Gensler was quoted as saying. “How does somebody offer in the market today and not give a lot of disclosure?”I caution the public. If it seems too good to be true, it just may well be too good to be true.Celsius Network’s decision to freeze withdrawals.
Following the crypto market sell-off, an official with the U.S. Treasury Department highlighted the urgent need for cryptocurrency regulation last week. Nothing that the Treasury Department is “monitoring activity in the crypto market,” the official told Reuters:
Don't drink the water! Boil it if you must.
Makes sense. But BTC dips look too good to not spend USDT on it.
What do they care. Didn’t he get the memo from Uncle Schwab? We will own nothing and be happy. Right!
I scrolled half way down, and saw Gary's bald head, read the tweet and thought, 'OMG Putin is ending the war!', then scrolled down and realized it's a quote from this nob.
Tell this bald ugly bug eyed twirp to shut his pie hole
SEC TO THE MOON
Gensler was sent by wall street banks to destroy Bitcoin, its obvious.
He said the truth... Ones who bought some Bitcoin at $50,000 could feel 'what the high-risky bubbling of Bitcoin means'
“We gotta chase those crazy bald heads outta the town”
How many people are in this clown car BTC would never lie to me. Would the SEC or the GaryG
You know what is too good to be true?
Great advice dad!
that man looks like an evil fish. I don't trust fish that look evil.
Exactely
True…the dollar is doesn’t hold value anymore.
The only exception is Bitcoin. It’s too good. And it’s true.
Ironic that benefit crypto offers (defi, lack of institutional involvement) is art of its Achilles heel. Too many hacks, scams and pumpers right now. The community needs to police it’s own because for this to work the general public must adopt. A gen public that’s risk averse.
Yes 👍
🐸
Bitcoin dump 80% too good seriously?
Y'all stay safe out there!! paw btc
Not a pyramid scheme $paw
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Bruh goes on and green-lights everything but a spot ETF
SECGov things have been bad for so long for so many that they don't know what's too good or just 'a reasonable amount' of good.
Why is this allowed?
Bitcoin always recover if you wait long enough If there is any coin not to ever underrate then is BTC because the pump will always happen If you aren’t following kelly_J6 you should be. There aren’t many who have a better understanding of value investing, great tweets & tips
it works ! SHlBx10_AIRDROP
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